Warsh moves beyond latest data reaction to chart a for ward-looking path for Fed at Jackson Hole Financial Times Europe 1 Sep 2026 Mohamed El-Erian is the Rene M Kern pro fessor of prac tice at Whar ton School, chief eco nomic adviser at A li anz and chair of Gramercy Funds Man age ment Mohamed El-Erian Kevin Warsh delivered his first speech at the annual Jack son Hole cent ral bank ing con fer ence as the new chair of the Fed eral Reserve under the pres sure of remark ably high and unusu ally var ied expect a tions. Yet in a power ful half-hour present a tion, he went a long way towards assuaging doubts by deftly nav ig at ing both short- and long-term issues. That’s the good news. Less good is that the imme di ate media and mar ket focus has been on the less con sequen tial part of his speech. We should not under es tim ate the tricky task Warsh faced in the run-up to his Fri day speech: strik ing the right bal ance in respond ing to cri ti cisms about the mar ket’s lack o...
Posts
Mark Zuckerberg’s Social Reckoning The Meta settlement will force meaningful changes on Facebook and Instagram. It also reflects the degree to which public outrage is outmatched by the speed and size of Big Tech. When Mark Zuckerberg, the founder and C.E.O. of Meta, the company behind Facebook and Instagram, has tried to defend his business to the public, it’s generally gone poorly. (“I think I’m actually well known to be sort of bad at this,” the billionaire confessed, while giving testimony at a trial in February.) Confronted with leaked internal documents showing that Meta’s products made body-image issues worse for one in three teen girls, and that many of them blamed Facebook and Instagram for increases in over-all anxiety and depression, Zuckerberg dismissed his own company’s findings as user “feedback.” This winter, as a plaintiff’s lawyer in Los Angeles presented him with extensive evidence supporting a link between Meta’s social-media brands and the mental health of its ...
Opinion | King Donald Is Dethroning the Dollar Aug. 28, 2026 Credit... Jens Masmann for The New York Times By Barry Eichengreen Mr. Eichengreen is the author of “Money Beyond Borders: Global Currencies from Croesus to Crypto.” The dollar is the world’s currency, not just America’s. It is the unit in which most cross-border transactions worldwide are quoted and settled. A remarkable 89 percent of global foreign exchange transactions are in dollars. Nearly 60 percent of the foreign currency reserves of central banks from Beijing to Zurich are held in dollar-denominated bank deposits and Treasury securities. The dollar is the lingua franca, if you will, of international financial markets. For the moment, anyway. The $40 trillion question is whether this happy situation will persist. Recent ructions in the market for U.S. Treasury bonds have raised the issue of whether dollar-denominated securities — long viewed as bulletproof and government-resistant — are really as safe and liquid ...
Exclusive: How the US naval blockade is paralysing daily life in Iran Copyright AP Photo By Babak Kamiar & Euronews Persian Published on 31/08/2026 - 14:01 GMT+2 A Euronews Farsi exclusive shows how a reinstated US naval blockade is paralysing Iran’s trade, driving 70% inflation and pushing families into survival mode. From stranded cargo to empty tables, Iranian citizens speak out on the worsening humanitarian crisis. Nearly six months after military conflicts broke out involving the United States, Israel, and the Islamic Republic, a reinstated US naval blockade off Iran's southern coast has brought the nation’s primary commercial lifelines to a virtual halt. Following a brief one-month pause after the Islamabad Memorandum, maritime enforcement resumed in mid-July. Since then, the chokehold on the Persian Gulf has disrupted over 80% of Iran's heavy imports and non-oil exports. With official inflation nearing 70% — and point-to-point food inflation surging to an unpreced...
Skip to main content Advertisement View all journals Saved research Search Account Explore content About the journal Publish with us nature news q&as article NEWS Q&A 28 August 2026 Will Meta’s deal make social media safe for kids? Researchers are dubious Nature talks to specialists about the changes coming to Facebook and Instagram, and whether there’s evidence they will help. By Kaia Glickman Email Bluesky Facebook LinkedIn Reddit Whatsapp X Save article Under a legal settlement, teenagers in the United States will have time limits put on their use of certain social-media platforms. Credit: Anna Barclay/Getty Social-media giant Meta has agreed to pay up to US$18 billion to US states and make changes to its Facebook and Instagram platforms, settling a legal case about whether its technology harms kids’ mental health. But how effective will these changes be in protecting children and teenagers? Is soc...